NMDC leadership update: Amitava Mukherjee appointed chairman, MD of India's largest iron ore producer

NMDC leadership update: State-owned iron ore miner NMDC announced on Thursday, March 6, that it has appointed Amitava Mukherjee as the new Chairman and Managing Director (CMD) of the public sector undertaking (PSU). Mukherjee has held the additional charge of CMD of the PSU until now.

“Amitava Mukherjee has been appointed as CMD on the Board from the date of his assumption of the charge of the post, i.e. March 6, 2025, till the date of his superannuation, i.e. February 29, 2028, or until further orders, whichever is earlier,” said NMDC in a regulatory filing to the stock exchanges.

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NMDC leadership update

Joining NMDC as Director (Finance) in November 2018, Mukherjee held the additional charge of CMD from March 2023 onwards. He also serves as the Chairman of NMDC Steel Ltd and Legacy Iron Ore Ltd. NMDC is the country's largest iron ore producer and exporter, producing over 45 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka.

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A cost accountant and a senior officer from the 1996 batch of the Indian Railway Accounts Services (IRAS), he has served the government in various key roles. Under his leadership, NMDC became the first iron ore mining company in India to surpass 45 million tonnes of output in FY24. 

He also played a significant role in the commissioning of the NMDC Steel Plant in Chhattisgarh. Led by him, the iron ore PSU has made inroads in gold mining in Australia and laid a visionary international expansion blueprint towards becoming a global mining powerhouse. Mukherjee has been instrumental in executing key investment strategies, bolstering financial discipline, and driving NMDC towards a future of responsible mining.

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NMDC Q3 Results

NMDC reported a 29 per cent year-on-year growth in its consolidated net profit for Q3FY25 to ₹1,896.66 crore compared to ₹1,469.73 crore reported during the same quarter last year. Revenue from operations rose 21.40 per cent year-on-year to ₹6,567.83 crore in the quarter under review from ₹5,409.90 crore in the corresponding quarter of the last financial year.